News update 19 Oct 10

Wall Street Update and Outlook Previous close Chg % chg DOW 11,143.69 80.91 0.73% Nasdaq 2,480.66 11.89 0.48% S&P 1,184.71 8.52 0.72% Source: Yahoo Finance Citigroup led the rebound in bank stocks on an upbeat earnings report. It jumped 5% yesterday night. However, this cannot be said for energy stocks which weakened as Halliburton slumped over its 3Q results. Retailer stocks also did not have a good day as well as JC Penney declined in response to a short-term stockholder rights plan that is likely intended to fight off institutional control. Fewer than 1b shares were transacted on the NYSE, […]